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Search Results 0 to 49 of about 73 (some duplicates have been removed)
revenue that is $819 billion greater than your line -- you have $807 billion in your tax increase built into it because it seems the expiration of the tax cuts for higher income earners and assumes the state tax subvert -- reverts back to 2009 levels. >> our baseline assumes, consistent with where there was bipartisan agreement in december, we would permanently extend the middle-class tax cuts and we would have estate tax relief. we did not have a long-term agreement on the upper-income rates or the richer -- we tried to construct a baseline so the difference would be clear. >> adding the additions in the base line of revenue increase, that is about $1.6 it is debt service on top of that. 709 for the upper income, 147 in debt service. >> let me get to this. i have a lot of questions and i am willing to send you more. your economic assumptions, how you achieve the claims you're making. i want to ask you how you make these economic assumptions. you are expecting robust growth with real gdp growth above 4%, much higher than the private sector blue-chip. i find it interesting that this mark
ceiling and he doesn't have the benefit of tax cuts looming? >> i knew it was going to pass. after the republicans walked away from the negotiations and then tried to plan b by speaker republican speaker bane thear failed where republicans wouldn't support their own speaker it became clear even after they tried to amend the senate deal that they could not do so so the deal was going to pass because we were already passed the deadline. but my sense is that this simply creates more mischief. i couldn't understand people voting for it because they wanted to get past the so-called fiscal cliff. i think we have to get to a long-term solution, a deal that actually increases the size of deficits doesn't provide a long-term solution. a deal that actually lets people who have incomes of about $450,000 be lumped in with people who are in the middle of america, i know of know one in the middle of america who think incomes of $450,000 is a middle class. we have to face this. i'm not interested of putting the burden on the middle class. and my fear is that we're going to see this gamesmanship p
generation. and they're equally inaccurate, i think. >> host: so let's talk about taxes. this might be the only become publishedded in tw 2011 that talks about grover nord nordquist. what is the history, tell us from the 18th century and how has the right wing used that history today? >> americans never liked taxes. they didn't like taxes without representationment they didn't like taxation with representation. they revolted a few times, the whiskey rebellion. there was quite a bit of antitax sentiment in america. that said, the constitution is virtually unlimited in its taxing power it gives to the government, and hamilton wrote about that need to collect taxes, and in there -- a number of places he says, i think very straightforward, doesn't make it into the glen beck version, these essays -- but says that it's politically difficult to vote to raise taxes and always going to be politically different to vote to raise tacks. you do not ever want to do anything to add a structural difficulty by putting something in the constitution to limit the ability to raise taxes because you can'
a lot of taxes and a lot of stories are moving in california moving from deep in the ready to in the black and coming at a high price in california. is it likely democrats will sell the story, that spending is not,er so, spending cuts are not the way to go, raising more revenue, more taxes is? >> oh, look i'm certain that is coming. there is no question in my mind that is coming but i can also assure you, bill, what is coming from the other side in the long run that hurts economic growth. in the long run that will bring about less revenue rather than more. what you're doing there you're taking money away from job creators. ultimately you will kill jobs that will bring about less revenue and everyone hurts as a result of that. it is not just those at the top end of the economic scale. it is those along every end of the spectrum and especially those who are hard-working americans living paycheck it paycheck. that is who those tax increases really hurt. in the end the government loses as well. bill: senator, thank you for your time because as we're asking these questions and t
, in order to cover costs for things like the bush tax cuts, unpaid wars in iraq and afghanistan -- i agree with the president. the american people should not be held hostage with this game of using the debt ceiling as a way to try to extract what you could not get through the ballot ox. i would urge the president to move forward and continue to have the economy grow, let the government move forward, don't let this be a way that anyone in congress tries to manipulate the process. , you are leaving the options on the table -- >> you are leading the options on the table. you would not be opposed to the 14th amendment, minting the trillion dollar coin, whatever other options someone came up with. >> you cannot negotiate with hostage takers. i think the president must use one of the options before him, whichever is the least offensive. this stinks. this is not the way to run government. no small businessman in america would borrow money to keep the business afloat then say later on to the bank, i'm not going to pay you money. he or she would not get any line of credit in the future. we have to
is a tax credit that was part of the economic stimulus originally, he sought $500 and i think ultimately, law was less than that. that was a classic compromise that he did not get. another compromise was his promise to repeal the bush tax cuts for higher income. his goal was couples making more than 200th $50,000 or couples making $200,000 and the fiscal cliff deal did not achieve that. we rented that a compromise. let's go to fort lauderdale,. caller: with respect to not keeping a promise for negotiations with a health kicce -- i think that a somewhat wrong. i have watched the other representatives of congress on tv every day negotiating and debating and putting their facts together. the final decision between nancy pelosi and the head of the sun -- of the senate when they finally came out with exactly what the bill would be -- it was done behind closed doors. the putting together of the bills, people putting in their amendments, was actually done on cspan every day and i watched that. secondly, with respect to these people calling about taking away guns. there is nothing about taking a
, connects to all of the spending and tax issues and are they going to have some way where they are going to say let's work together or are we going to have four more years of this petty stupid fighting on things that makes everyone look ridiculous and no one comes out the winner. >> chris: let me before i get to you, and what about the president's side of it? do you agree that he has take and more combative tone since the election? >> he has. but, you know, we were going to have tax increases for everyone and he and to speaker boehner's credit they wound up agreeing as did biden and mcconnell that we are going to give 99% of the people in this country a permanent tax break. that was a big accomplishment. of course, everyone dumped on it when it happened but the 99% of the people who got that tax cut i think are quite happy. i think they haven't figured out a strategy in the white house just like the republicans don't have one. >> there is two kinds of issues. issues the president ran on in the reelection campaign. he has credibility to say hey, i won the reelection. you can say to democr
. the law requires licensed gun dealers to perform these tax -- checks but as many as 40% of all gun purchases are conducted without one. that is not fair to responsible gun buyers or sellers. an overwhelming majority of americans agree that anyone try to buy a gun to the least have to prove they are not a felon or someone legally prohibited from owning one. that is just common sense. second, congress should restore a ban on military-style assault weapons and a ten round limit for magazines. when the assault rifles, when combined with high-capacity magazines, have one purpose only -- to fire as many bullets as possible as quickly as possible. these weapons have no place i our communities. a majority of the american people agree with me. finally, congress needs to make it easier for law enforcement to do its job. we should get tougher on people who buy guns only to turn around and sell them criminals. at a time when many communities have been forced to make cuts to their police force, we should put more cops back on the job and on the streets. like most americans, i believe the second
back tax do community service, prove they have been here for an extended period of time. understand some english and become assimilated. most of them would get legal stat us and be allowed to stay in the country. congressman paul ryan is weighing in. he wrote this on his facebook page. senator rubio is exactly right on the immediate to fix our broken immigration system. i support the principle he's outlined. modernization of our immigration law, stronger security to curb illegal immigration and respect important the rule of law in addressing the complex challenge of the undocumented population. eagerness to jump onboard is bipartisan. majority leader harry reid describing the prospects for immigration reform in the months ahead. >> it is going to be first thing on our agenda. the -- majority, every senate, lists their top ten items. immigration is the number one item. we are going to do immigration. they are now -- agreed tentatively on a path of citizenship which is the big stumbling block. we may be able to come up with a bipartisan bill quicker than you think. >> it is going to m
's instant opposition is not about raising taxes on the wealthy, like last year. nor is it about proposing to raise the tax cuts. this time the issue is gun safety, including universal background checks supported by nearly nine out of ten americans. the president, once again, is taking his message to the people. as did he with _#$40. >> i promise you the american people, your voices, made a difference on this debate zoosh as he did with _#my2k. >> if there's one thing that i have learned, when the american people speak loudly enough, lo and behold, congress listens. >> yesterday the white house launched _#now is the time. >> this will not happen unless the american people demand it. >> the president has a new website explaining the proposed laws. he penned an op ed in the connecticut post today, and he is planning to hit the road to sell his plan with speeches around the country. as the white house tries to engage the public, senate majority leader harry reid will try to engage the senate. in a statement yesterday reid wrote "i am committed to insuring that the senate will consider legisla
more revenue, through tax reform, by closing loopholes in our tax code for the wealthiest americans. if we combine a balanced package of savings from spending on health care and revenues from closing loopholes, we can solve the deficit issue without sacrificing our investments in things like education that are going to help us grow. turns out the american people agree with me. they listened to an entire year's debate over this issue and they made a clear decision about the approach they prefer. they don't think it is fair, for example, to ask a senior to pay more for his or her health care or a scientist to shut down life heavy saving research so the that a multimillionaire investor can pay less in tax rates than a secretary. they don't think it is smart to protect endless corporate loopholes and tax breaks for the wealthiest americans, rather than rebuild our roads and our schools, invest in our workers skills or help manufacturers bring jobs back to america. so they want us to get our books in order in a balanced way where everybody pulls their weight, everyone does their part. th
virginia and articulated the perspective on increasing taxes but we shouldn't do that. you know what obama said three days after especially when we disagree? he said eric, i1 coming you lost. then about a week later he says i want the folks that got us into this mess to do the whole lot less talking and a lot more listening. you know, you can talk of little bit but i want you on the sidelines while we try to clean this up for you. unbelievable. gone with any notion of unifying the country, of bringing us together. instead, they're came this steady mantra of the attack and vilify the other side. no ideas. it wasn't an idea base. just like his 2008 campaign for president wasn't idea based. was hope and change, glorious pieces with no substance whatsoever to the only substance is he was going to unify us committee the post partisan president. and yet almost immediately, it was conservatives are hostage-takers. they are the enemy. they care only about millionaires and billionaires and not children with autism and down syndrome. now, what was this approach? why did obama and his administration
thing to vote against it when you're squandering a bill clinton surplus on tax cuts for those who don't need tax cuts pre-2008. it is another thing when you're trying to climb out of a recession. >> that's exactly right. there is a lot of misunderstanding about the debt ceiling. most americans think the debt ceiling is congress giving itself permission to spend more money. when they understand it is about do we default on our bills they say what? you're not going to pay your bills? that's what the debt ceiling is about. one of the things i advocated was the restoration of the gephardt rule that said when congress voted for a budget, let's say it voted for the iraq war that cost a trillion dollars, then at the moment that they voted for that program the debt ceiling would be adjusted up or down to reflect the budget they just voted for. that's what most americans would do. so this debt ceiling is all about hypocrisy. it is all about pretending that we have an option about paying our bills. by the way, a lot of the bills we have to pay are things i was adamantly opposed to. i didn't wan
be in the form of tax cuts. a lot of democrats are going to hate that, but republicans like tax cuts, and we can just get everybody on board from the beginning." >> narrator: he was told right from the start the stakes couldn't be higher. >> this is the first of a series of tests. and if he failed this one, what would it say for his administration and his ability to deal with all the other challenges we're going to face? >> president obama promised the american people he would bring bipartisan solutions... >> narrator: he decided to make a symbolic gesture: he'd come to them. >> mr. obama is hoping for support from both sides of the aisle... >> narrator: take his proposal to the republicans on their own turf. >> he'll try and sell his plan to the republicans... >> narrator: he headed right for the meeting of the republican caucus. >> it's a rare day when the president goes to the capitol to meet only with members of the other party... >> hello, everybody. how are you? >> he spoke extemporaneously about the stimulus. he walked us through it probably 15 or 20 minutes, just his thought process and
of the rich. it is the party of lower taxes. but there are a lot of people who are lower down the food chain, the economic chain, also paying lots of taxes relative to their income. and they need help. we need more education work being done in this country. we need a solid immigration policy. we have to look at climate change there are a lot of things that the american people are expecting and the republican party, as they get ready for the next election, really has to focus on some of these issues and not ignore them. everybody wants to talk about who is going to be the candidate you better think first about what's the party actually going to represent? if it's just gonna represent the far right-wing of the political spec trouble, i think the party is in difficulty. i'm aed moderate but i'm still a republican, that's how i was raised. until i voted for mr. obama twice i voted for seven straight republican presidents. >> a couple of other foreign policy matters, what should the force, u.s. force in afghanistan look like after next year? >> i think the president's on track here. we've done by
legislation, you're not going to get to be able to identify any of these tax loopholes that we're talking about getting new revenue into the treasury. the first order of business to me, anyway, mr. president, how strong are you on the filibuster? you've stated before that you're in favor of it but he has got to come out and focus the country on how dysfunctional the senate has been. we can't live through 380 filibusters again and we've got to move forward. the only way to do that is to turn to the most politically important man in the country right now and that's harry reid. harry reese got to make the move. >> debt ceiling is date specific, as i mentioned, to peter about gun control, whether or not that's going to come up and where in the press conference that's going to come up as vice president gets ready to put forward the proposals that his gun task force has been drafting over the last several days. one thing is our nbc points out today about whether or not the appetite is lessening for this. they say, you also get the sense that the air is leaking ever so slightly out of this ballo
it for 50 percent less than we do. their taxes are not so high or their taxes go do help them opposed to paying for mindless bureaucracy. >> norway is number one. peter, will you renounce your citizenship or america still the best country to live? >> why would i renounce being an american? i have great hope and faith in our country. my feeling is we are the most innovative society and welcomes everyone including my grandfather, a cigar maker if lower manhattan in 1902. this is the greatest place to be in the world. we will get through it. we may need new leadership to do it but we will get there. >> i will read this from gerri willis saying the primary reason for the slip in the ranking decline in the number of united states citizen would believe hard work will get them ahead. you say what, peter? >>peter: she is right. when a president manages to get himself elected by having half of the population pay no taxes and saying i will give you new benefits, by taxing more of the 1 percent because we have a lot of envy and we are jealous, that will encourage people not to work and it will e
. but there are enormous complexities that we have been lamenting in this, such as the tax and accounting and operational challenge. can you say more about what your thinking is in that area? >> now that i have a voice again with some water nothing that the jet lag and set me back. yes, i think that money market funds would be one of the primary issues that the commission temple. the process is obviously underway. i think that we have been preceding without too much reverence to what is going on. and i think that there is sort of a new spirit at the commission working with the staff and industry and amongst the commissioners. the consensus that we need to take some action. honestly there has been a lot of press lately about this. i have expressed my view it would be a great avenue to explore. recognizing, as you pointed out, there are taxing and accounting issues that need to be addressed but have not been addressed, despite the fact that this proposal has been about the industry for the last for five years. only counting front, i am hopeful that the commission has plenty of authority and we can actually
, the president signed into law. >> there will be no more tax-funded bailouts. period. >> years of spending added up and the debt ceiling talks of 2011 led to a budget standoff between democrats and republicans who had taken back control of the house in the mid-terms. >> is there a risk that the united states could lose its triple-a credit rating, yes or no? >> no risk of that. >> no risk. >> the debt ceiling was raised in august, the political fight and the spotlight on the count row's deficit and debt problems led s&p to downgrade the u.s. credit rating for the first time in history. >> geithner steered the major economic moves in the first term, now he's stepping down at treasury. the pick to replace him is jack lew, who has established a close relationship with the president. he is know chummy with the republicans on the hill after the debt ceiling negotiation. for that reason and other, his looming confirmation hearing could be bumpy. but if confirmed, lew will likely be dealing with the top issue in this second term, how to get the economy moving and addressing the count re's long-term fisc
tax-funded bailouts. period. >> years of spending under both parties add up and the debt ceiling talks of 2011 led to a budget attend off between democrats and republicans who took back control of the house of representatives in the midterms. >> is there a risk the united states could lose their aaa rating? yes-or-no. >> no risk. >> the debt ceiling was raised in august the political fight in the spot lighted on the deficit and debt problems less s&p to downgrade the u.s. credit rating for the first time in history. >> geithner steered the major economic moves in the first term and now he is stepping down. president obama's pick to replace him is jack lew, who has established a close relationship with the president. lew is not is chummy with republicans on the hill after the debt ceiling negotiation back in 2011. for that reason and others, his confirmation hearing could be bumpy. if confirmed, he will be dealing with the top issue in this second term, how to get the economy moving and addressing the country's long term fiscal problems. >> this is a president that is forced to grapple
and the issues we deal with in the coast and trying to tie that to the tax base and relate that both from a local regional perspective but also a national perspective. when you look at it, 30% of this nation's g.d.p. comes from the gulf coast. you look at the population increase we've had. since 1970, there has been 109% increase in the gulf coast region. the people are there, the vulnerabilities are there but also it is significant to what it provides to the nation. from the states perspective and also from the gulf we recognize that healthy ecosystems also can mean healthy economies. from louisiana, what we have taken -- what we believe is a very good first effort the addressing the vulnerabilities that exist in reducing that risk is with the state's matter of fact plan which is a long- term plan to reduce the economic significance and reduce the risk across the coast. we believe we can achieve protection for all coastal communities. it is that resource that is important. the states provide and the gulf provides to the nation, it if it is going to be afforded through the nation. we believe with
, hidden taxes will take a painful bite. inside is the story from that conley who friends the argument more so in the washington d.c. area. local residents will be paying uncle sam more in 2013, between the two percent increase in payroll tax and to lesser known provisions buried in the fiscal cliff deal. there is also the issue of the health care tax, which also may hit some individuals. more details from the washington sunday examiner. the question we are focusing on is whether the president will bypass congress to raise the debt ceiling. we are getting your calls in common. buddy on the republican line. caller: good morning. it would not surprise me that he does raise the debt ceiling. the president alone spent over $1 billion last year just to himself. when does it stop? obviously he has never had a checkbook. i get a bill, i pay it. why do they just keep putting money out, putting money out, not take care of what they're doing doing, not realizing what they're doing? host: they give for the call. this from twitter -- the focus on the 14th amendment, section four, basically says that th
opportunity for us. because in our budget that we will pass, we will lift tax reform, which many of my republican colleagues liked, but it will include revenues. it's a great opportunity to get us more revenues to help in part deal with sequestration and deal with the issue of -- >> but senator schumer, the reality is the president is willing to throw the long ball on this big sunday of football, when it comes to gun control. and yet because of his view of republican recalcitrants, he doesn't step up and show real leadership and be proactive on a big spending cut proposal and medicare put proposal because he doesn't want to go there. why throw the long ball when it comes to gun control but not take a leadership role when it comes to spending cuts? >> well, he is. in the negotiations up to the fiscal cliff, the president put things on the table. $400 billion in medicare cuts. he was talking about change cpi, which -- >> you're talking about more revenue. that's not big enough on medicare cuts according to simpson-bowles and others. >> we have already done $1.7 trillion in cuts. we've do
and tax cut for the wealthiest americans and took their money to the camen islands and not in america and having huge threats and medicaid and medicare and threaten the scpeerns that is violence. number one and must commit ourselves to the ban on assault weapons. we lost about 6,000 americans in iraq in 10 years. lose 30 to 50,000 a home at home. 100,000 are injured and didn't die and the highest cost in any city is the emergency room hospitals in those cities where they're shot. [inaudible] shot by ak47's. we have a lot of role in the killing of syria. 9/11 /12 in benghazi. [inaudible] yards away. we must revive the ban on these adult suspects. i don't want to. >> >> >> deemphasize the drug culture and americans and so we have this crisis mr. mayor of plants closing when the cheap labor markets, jobs leaving, drugs and guns coming. that requires a national effort by all of us. while i reach out to you in san francisco those that hear my voice please stop the killing. please stop drug flow. please give peace a chance. in this instance means that labor unions, trade unions mus
. these three states -- new york, new jersey, and connecticut, threes three states pay almost 16% of the taxes collected in the united states of america. three states, 16% of the taxes. you ask the question, who suffered because of superstorm sandy? certainly our neighbors in new york and new jersey and connecticut suffered the most, but all americans will suffer if this economic engine is not rebuilt. the three states that pay nearly 16% of the taxes need this reconstruction, and so does the united states of america. all members, republican and democrat, should vote yes in favor of this legislation. i yield back. the speaker pro tempore: the gentleman yields back. the gentleman from oklahoma is recognized. mr. cole: i reserve the balance of my time, mr. speaker. the speaker pro tempore: the gentleman reserves. the gentlelady from new york. ms. slaughter: i'm pleased to yield a minute and a half to the gentleman from new york, mr. bishop. the speaker pro tempore: the gentleman from new york is recognized for 1 1/2 minutes. mr. bishop: i thank my friend, representative slaughter for yielding ti
or paying a protection tax. >> the next up for the islamic extremists were to go in and attack families, kill children and kidnap women, impregnating them, and torturing men, beheading then, and then they started attacking clergy members. >> it is amazing to see what is happening to the christians by islamic forces, christian worshippers are in a church and they would get attacked. >> reporter: rimaham says the media ignores christian persecution because it contradicts the media's perception of islam. >> if this idea gets out, that muslims are intolerant to the other, it kind of puts the struggle with israel in a different life. >> reporter: he blames the lack of attention on an anti-christian sentiment in the american media and throughout the world. >> this is something they don't want to talk about because then they will be perceived as pro-christian. but it is a human rights issue. >> this is an issue that is a major human rights issue in the world. that is not getting the attention that it deserves in the west. >> reporter: alan schneider of the a well-known jewish organization rece
wanted 45 cents. intel turned in 48. looks pretty good, right? part of that was due to a tax benefit. intel specsed a tax rate of 27% and got 23%. that helped a bit. gross margins came in stronger than expected at 58% where intel had guided to a mid point gross margin of 57%. but there was bad news beyond that for the investment community. for q11, intel guided to a mid point in revenue of $12.7 billion, plus or minus a half a billion dollars. and for the full fiscal year, 2013, intel said just expect low single digit revenue increases, growth margin to 60% and cap ex at $13 billion. that is a couple billion higher than wall street had expected. >> jon fortt there. we'll have more on china to come. our next guest weighs in. don't go anywhere. >>> welcome back to "worldwide exchange." china's economy rebounds in the fourth quarter topping expectationes and snapping seven straight quarters of slowing growth. the british government says there's no indication the hostage crisis is over in algeria. this as reports emerge that dozens may have been killed in the rescue operations. >>> intel
twin kerring with the tax code? >> we are going to be blinding out a series of big things. this is going to be the tough thing about it. in the first term, what you have is big things that eventually over a long period of time happen at once. president obama sat down, page and protection act into law and health care reform was done. when we look at deficit reduction, it's four or five deals, each one in endless, horrible slog through the d.c. marshes. in the second term the two things we are going to see, it does not look like we are going to see much more on jobs. the white house is not fighting hard. they have not made infrastructure a condition of moving forward. we got $600 billion in the fiscal cliff. republicans are going to make a decision to include revenues or whether or not they are going to make a decision that is better to do no more reduction over the second term. if it is what it takes to keep the president from getting more tax revenues. >> let me ask this. what i hear you saying is deficit reduction. it seems as though we have a president who is legitimatel
's. it is important to us but not the i s i hope they will define their relationship. to they engage supports of a tax of western targets? it is important it defines the relationship with the outside and the attack on civilians. he was never implicated in the global attack that distinguishes him crumb past militants that were. those that took place from barcelona spain and when you did have a local pakistan a militant looking to attack with the teetwo style format. but to my knowledge there were not implicated but it is total speculation. but someone who had told relationship with the high connie network as they discussed relations in 2008 is if the militants engaged the terrorist styled attacks in the heart of kabul. that is the questions the way people thought about these organizations. says the group take operational direction? especially as researchers said don't have the network and access that anand gopal has but be careful with what they say with the taliban and also teetwo. with the insurgent network to create power out of little on the ground force you have to create a myth of yourself with p
Search Results 0 to 49 of about 73 (some duplicates have been removed)